The executive function is, besides the governance function, the second main tasks of top management, i.e. the highest level of management in an institution. Both are necessary pre-requisites for a functioning (and successful) management. The executive function is responsible for 7 tasks within an organisation:

1. Corporate policy, strategy, planning and budgeting;

2. Organisation;

3. Management and HR management;

4. Controlling and reporting;

5. Issue management;

6. Communication (external and internal);

7. Risk and crisis management.

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